Question
https://edition.cnn.com/2021/05/08/business/supply-chain-shortages-pandemic/index.html Please refer to the article link I attached above, and answer the questions. 1) How is this article related to the concept of demand
https://edition.cnn.com/2021/05/08/business/supply-chain-shortages-pandemic/index.html
Please refer to the article link I attached above, and answer the questions.
1) How is this article related to the concept of demand and supply? Please give an explanation.
2) Draw 2 diagrams. The first diagram to illustrate a problem in the article and the second diagram to show the suggested policy solution.
(If you could please draw both diagram in demand and supply curve related diagram)
3) What are the likely effects, both positive and negative, in the short and the long run, on various stakeholders?
For stakeholders please consider consumers, producers, and government. For each stakeholder, please give positive and negative effects for each short-run and long-run.
4)If you can, rank the impacts on stakeholders from biggest to least, with reasons.
5) What does this article tell us about the concept(in number 1)?
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